Hedera has adopted Chainlink’s suite of smart data products to accelerate the growth of decentralized finance and real-world tokenized assets.
The Hedera Team (HBAR) announced on December 16 that Chainlink (LINK) data feeds and proof of reserve are now available on the Hedera mainnet.
The integration aims to empower developers on the Hedera network by enabling access to high-quality data and proof-of-reserve verification. According to a blog post from the platform, Hedera developers can now use this data technology for tokenized DeFi and RWA projects.
The integration of Hedera and Chainlink follows the recent key partnership between the HBAR Foundation and Chainlink, with the latter joining the Chainlink Scale program.
Developers will benefit from Chainlink’s high-quality data aggregation, secure node operations, and decentralized infrastructure. Additionally, users will benefit from programmatic utility with on-chain pool data.
“By making the Chainlink standard available to our developer ecosystem, we can enable increased access to high-quality, tamper-proof data backed by decentralized infrastructure, which is essential for building secure DeFi applications and assets scalable tokenized.”
Elaine Song, vice president of strategy, HBAR Foundation
Chainlink’s growing role as a leader in on-chain finance and cross-chain interoperability has led to partnerships with many crypto and traditional finance companies. Its Oracle network has secured over $17 trillion in value through blockchain transactions.
Beyond Hedera, Chainlink’s data standards and proof of reserve technology power other major DeFi protocols such as Aave, Lido, and GMX. Traditional financial institutions, including Fidelity, Swift, UBS and ANZ Bank, are also leveraging Chainlink’s technology.
